ACA

ACA Exemption - Affordability

The Tax Prep Dispatch, You Can't Afford to Overlook Affordability, by Brad Martin is a great article to remind you of the details of the affordability exemption to the Individual Shared Responsibility Payment. 

Colorado Tax Aide has an ACA Affordability Calculator that you might consider for more complex situations. You can watch the tutorial video to learn how to use it. 


ACA Exemption - Short Coverage Gaps

ACA Exemption - Short Coverage Gaps

Overview: A coverage exemption (code “B”) can be claimed for the taxpayer or another member of the tax household for each month of a gap in coverage of less than 3 consecutive months.


Marketplace to Medicaid Backlog - Hardship Exemption Available

A case study from Get Covered Illinois describes that if someone’s health insurance application was delayed due to a backlog of files, they’re eligible for a hardship exemption from the shared responsibility payment.